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Global Food Antioxidants Market to reach USD 806.49 million by the end of 2030

Global Food Antioxidants Market Size study & Forecast, by Type (Natural, Synthetic), by Form (Dry, Liquid), by Application (Meat & Poultry, Bakery & Confectionery, Fats & Oil, Fish, Pet Food, Others) and by Regional Analysis, 2023-2030

Product Code: OIRFB-22612758
Publish Date: 15-11-2023
Page: 200

Global Food Antioxidants Market is valued at approximately USD 502.2 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. Antioxidants prevent oxidation, which can cause rancidity and deterioration in taste and nutritional quality, thus extending the shelf life of food products. The market for food antioxidants is growing due to the rising demand and consumption of processed food, which uses these substances to improve product shelf life. This trend is supported by the increasing disposable income and rapid urbanization, which has led to a greater demand for prepared food globally. Many working professionals depend on these products to fit their busy schedules. However, regulatory authorities have limited the use of synthetically derived antioxidant products in food through approved regulations.

The increase in disposable incomes, specifically in emerging countries like India and China, has resulted in a surge in demand for convenient food options. The market is expected to see significant growth due to rapid urbanization. According to the World Bank Data, 55% of the global population inhibited the cities, in 2020. The increasing disposable income of people globally is fueling the market growth. For instance, according to the US Bureau of Labor Statistics, 2019, the working population increased from 64.4% in 2018 to 64.9% in 2019. A major challenge that hinders market growth is related to health hazards caused due to the consumption of synthetic antioxidants. The presence of antioxidants effectively inhibits oxidation and extends the shelf-life of food products which acts as an opportunity for the market.

The key regions considered for the Global Food Antioxidants Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region is expected to lead the market in 2022, due to the current health crisis has highlighted the necessity of consuming healthy food products. With a rising population and increasing consumption of food, the demand for food antioxidants is expected to grow over the coming years. North America is also expected to experience significant growth over the forecast period, as the busy lifestyles of consumers in countries such as the U.S. and Canada lead to a heavy reliance on prepared foods. Food antioxidants are important for preserving food and preventing the formation of harmful free radicals in the human body, which is likely to drive demand for these products in North America in the near future.

Major market players included in this report are:
Naturex S.A
BASF SE
Archer Daniels Midland Company (ADM)
DuPont
Kalsec Inc.
Kemin Industries Inc.
Camlin Fine Sciences Ltd
3A Antioxidants
Eastman Chemical Company
Frutarom Industries Ltd

Recent Developments in the Market:
Ø In August 2022, Kalsec partnered with Infinome Biosciences to deliver naturally produced, highly innovative ingredients with superior quality and consistency in a sustainable way.
Ø In August 2022, Kemin launched ENTEROSURE, a new feed additive for the promotion of intestinal health in poultry. This solution is designed to enhance performance and reduce the impact of enteric challenges in poultry, providing better control over Enteritis, Colibacillosis, and Enterobacteriaceae. By adding ENTEROSURE to their poultry feed, producers can ensure better profitability and sustainability of their operations.
Ø In December of 2021, Barentz completed the acquisition of Gangwal Chemicals, an Indian company. This acquisition has positioned Barentz as a leading international distributor of specialty drugs and nutraceutical ingredients. By strengthening its presence in the high-growth and resilient pharma excipient distribution market, Barentz can now expand its presence in the fast-growing Asia-Pacific region.

Global Food Antioxidants Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Form, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Natural
Synthetic

By Form:
Dry
Liquid

By Application:
Meat & Poultry
Bakery & Confectionery
Fats & Oil
Fish
Pet Food
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Food Antioxidants Market, by Region, 2020-2030 (USD Million)
1.2.2. Food Antioxidants Market, by Type, 2020-2030 (USD Million)
1.2.3. Food Antioxidants Market, by Form, 2020-2030 (USD Million)
1.2.4. Food Antioxidants Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food Antioxidants Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food Antioxidants Market Dynamics
3.1. Food Antioxidants Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand and consumption of processed food
3.1.1.2. Rapid urbanization
3.1.1.3. Increasing disposable income
3.1.2. Market Challenges
3.1.2.1. Health concern associated with chemical preservatives
3.1.2.2. Strict regulatory compliance
3.1.3. Market Opportunities
3.1.3.1. Longer shelf life of products
3.1.3.2. Ongoing research and innovation
Chapter 4. Global Food Antioxidants Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Food Antioxidants Market, by Type
5.1. Market Snapshot
5.2. Global Food Antioxidants Market by Type, Performance – Potential Analysis
5.3. Global Food Antioxidants Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Food Antioxidants Market, Sub Segment Analysis
5.4.1. Synthetic
5.4.2. Natural
Chapter 6. Global Food Antioxidants Market, by Form
6.1. Market Snapshot
6.2. Global Food Antioxidants Market by Form, Performance – Potential Analysis
6.3. Global Food Antioxidants Market Estimates & Forecasts by Form 2020-2030 (USD Million)
6.4. Food Antioxidants Market, Sub Segment Analysis
6.4.1. Dry
6.4.2. Liquid
Chapter 7. Global Food Antioxidants Market, by Application
7.1. Market Snapshot
7.2. Global Food Antioxidants Market by Application, Performance – Potential Analysis
7.3. Global Food Antioxidants Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Food Antioxidants Market, Sub Segment Analysis
7.4.1. Meat & Poultry
7.4.2. Bakery & Confectionery
7.4.3. Fats & oil
7.4.4. Fish
7.4.5. Pet Food
7.4.6. Others
Chapter 8. Global Food Antioxidants Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Food Antioxidants Market, Regional Market Snapshot
8.4. North America Food Antioxidants Market
8.4.1. U.S. Food Antioxidants Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Form breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Food Antioxidants Market
8.5. Europe Food Antioxidants Market Snapshot
8.5.1. U.K. Food Antioxidants Market
8.5.2. Germany Food Antioxidants Market
8.5.3. France Food Antioxidants Market
8.5.4. Spain Food Antioxidants Market
8.5.5. Italy Food Antioxidants Market
8.5.6. Rest of Europe Food Antioxidants Market
8.6. Asia-Pacific Food Antioxidants Market Snapshot
8.6.1. China Food Antioxidants Market
8.6.2. India Food Antioxidants Market
8.6.3. Japan Food Antioxidants Market
8.6.4. Australia Food Antioxidants Market
8.6.5. South Korea Food Antioxidants Market
8.6.6. Rest of Asia Pacific Food Antioxidants Market
8.7. Latin America Food Antioxidants Market Snapshot
8.7.1. Brazil Food Antioxidants Market
8.7.2. Mexico Food Antioxidants Market
8.8. Middle East & Africa Food Antioxidants Market
8.8.1. Saudi Arabia Food Antioxidants Market
8.8.2. South Africa Food Antioxidants Market
8.8.3. Rest of Middle East & Africa Food Antioxidants Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Naturex S.A
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. BASF SE
9.3.3. Archer Daniels Midland Company (ADM)
9.3.4. DuPont
9.3.5. Kalsec Inc.
9.3.6. Kemin Industries Inc.
9.3.7. Camlin Fine Sciences Ltd
9.3.8. 3A Antioxidants
9.3.9. Eastman Chemical Company
9.3.10. Frutarom Industries Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
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Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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